Europe’s Best Tech Stock of 2023 Has Room to Run, Goldman Says
- BE Semiconductor tipped for more gains after doubling in 2023
- Goldman predicts robust demand for chip-packaging equipment
The BE Semiconductor Industries N.V. booth at the Semicon Taiwan exhibition show in Taipei, Taiwan in 2022.
Photographer: I-Hwa Cheng/BloombergThis article is for subscribers only.
Last year’s top-performing European tech stock, BE Semiconductor Industries NV, has room for more gains in 2024, according to analysts at Goldman Sachs Group Inc., who predict robust demand for the company’s advanced chip-packaging equipment.
The Dutch firm’s hybrid bonding tools — a technique used to connect chips and enhance their performance — have recently moved beyond initial adoption to the capacity expansion phase. That sets the stage for the technology to be used in high-volume chip production, analysts led by Alexander Duval said in a note.